New York (HedgeCo.Net) – Former managing Director at Deutsche Bank and CEO of hedge fund Saiers Capital (formerly Alphabet Management), has offered street artist Banksy $100,000 to donate to a charity of his choice.

“The rumor is that you are in New York City for the month of October.” Nelson Saiers said in an open letter to the artist, “As we approach the one year anniversary of Hurricane Sandy, there remain a number of victims who are still severely impacted by this disaster. If you are willing to use your art to raise awareness for those still affected by Sandy, then I will gladly join you in supporting those still struggling by donating $100,000 to a relevant charity.”

Nelson also has an affiliation with charity: water, which attempts to provide clean water to those in developing countries. Nelson is a Founding Member of The Well, a core group of donors.

“This offer is conditioned on your performance falling within the law and respect of personal property rights.” The hedge fund manager stipulates. “We are happy to assist in the identification and provision of a medium. I will not take possession of any art, as it is purely intended to raise awareness for Sandy victims.”